NMDC Share Price

NMDC Ltd.

The National Mineral Development Corporation, a public sector organisation in India, was formerly known as NMDC Limited. Its activities include exploring minerals, including coal, diamond, tin, tungsten, limestone, dolomite, gypsum, magnesite, copper, iron ore, and rock phosphate.

This firm is the biggest producer and exporter of iron ore, with two automated mines in Chhattisgarh and Kartaka. It also operates one mechanised diamond mine in Panna, MP. NMDC share dividend history

About NMDC Limited and NMDC share news

National Mineral Development Corporation Private Limited was established as a private limited company in Delhi on November 15, 1958, by the Companies Act. With Section 21 of the Companies Act and the approval of the Ministry of Commerce & Industry, the Department of Company Law Administration changed the company's name from National Mineral Development Corporation Private Limited to National Mineral Development Corporation Limited.

This approval was granted by letter no. 11(38)-SL(VI)/59, dated December 30, 1959, of the Department of Company Law Administration. On January 5, 1960, the Registrar of Companies, New Delhi, issued the new certificate of incorporation resulting from the name change.

The firm's registered office was moved from the Union Territory of New Delhi to the State of Andhra Pradesh on September 24, 1973, per an order issued by the Company Law Board, New Delhi. On December 27, 1973, the Registrar of Companies, Andhra Pradesh, issued the Central Government's Order Confirming the Transfer of the Registered Office from Delhi to Andhra Pradesh. According to the terms of Sections 43-A, 43 (1A), and 43 (1B) of the Companies Act, our company was declared a presumed public limited company as of March 13, 1975, and on the same date, a new certificate of incorporation was issued.

Mineral Industry Overview

India's mineral industry is significant. It makes up roughly 2.5% of the GDP. The nation is one of the top producers of several minerals. India is the second-biggest producer of steel and cement globally. With 716 million tonnes produced in 2020, it is ranked third in terms of coal production as well. In 2020, 246 million tonnes of iron ore were produced. 60% of the mica produced worldwide comes from India, a major producer.

The production of bauxite totalled 23 million tonnes, and this business creates about 1.1 million jobs. Odisha, Jharkhand, Chhattisgarh, and Karnataka are important mining states. These states produce numerous minerals, including bauxite, iron ore, and coal. By 2025, the government wants the mining industry to contribute 5% of GDP.

NMDC Limited competitors

Here is the list of the NMDC Ltd competitors:

• Coal India Ltd
• GMDC
• KIOCL Ltd
• MOIL

NMDC share price history

• 1958: Incorporated as a government company under section 617 of the Act.
• 1966: Acquired Panna Diamond Project.
• 1968: Started iron ore production from Bailadila Deposit No.14.
• 1977: Iron ore production began at Bailadila Deposit No.5 and Donimalai Iron Ore Mine.
• 1987: Started iron ore production from Bailadila Deposit No.11C.
• 1989: Formed J & K Mineral Development Corporation Limited with J & K Minerals Limited.
• 1992: Split equity shares from Rs. 1000 to Rs. 10 NMDC share price today.
• 1993: Selling Shareholder disinvested 2,130,000 equity shares.
• 1998: Achieved Mini Ratna status.
• 2002: Started iron ore production from Bailadila Deposit No.10/11A.
• 2005: Closed Panna diamond mine operations as directed by the Pollution Control Board.
• 2007: Achieved ISO 9001:2000 certification for Bailadila Iron Ore Projects.
• 2010: Signed agreements for exploration in Andhra Pradesh and South Africa.
• 2013: Won awards for project management and HR leadership and signed MoUs for mineral projects in Zimbabwe.
• 2015: Incorporated NMDC Steel Ltd.
• 2017: Three mines received 5 Star Rating.Won multiple awards for ethics, research, and cyber security.
• 2018: The government divested 2.52% of NMDC’s paid-up capital and signed MoU with ECT for an R&D project.
• 2020: Board approved buyback plan up to Rs 1,378 crore.
• 2021: Signed MoU with DCI for expansion in GCC and Africa.
• 2022: Won 7 PRSI National Awards.Signed MoU with RailTel for ICT and digital solutions. Adopted two tigers as part of Swachhta 2.0. Organised International Conference on Indian Minerals and Metal Industry.

Company profile- Strengths and weaknesses

Strengths

• Have strong assets as the company own 4 operating mines in India
• Have a robust financial position
• Highly mechanised production
• Complete state control because of which buyers' confidence is very high

Weaknesses

• Have security issues at Chhatisgarh mines
• Brand related with alleged illegal dealings

The financials of NMDC share price NSE

Shareholding pattern of NMDC Limited

Here is the shareholding pattern of NMDC Limited:

• Promoters: 60.79%
• FII: 6.88%
• DII: 21.81%
• Public: 10.51%
• Others: 0.01%

Peer comparison